IMS Capital Management Cuts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

IMS Capital Management trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 43.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,314 shares of the computer hardware maker’s stock after selling 2,520 shares during the quarter. IMS Capital Management’s holdings in NVIDIA were worth $577,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pacific Center for Financial Services increased its holdings in NVIDIA by 143.1% in the 2nd quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock worth $26,000 after acquiring an additional 93 shares in the last quarter. LLBH Private Wealth Management LLC purchased a new stake in NVIDIA in the 2nd quarter worth $27,000. Thor Advisors LLC purchased a new stake in NVIDIA in the 1st quarter worth $29,000. Field & Main Bank purchased a new stake in NVIDIA in the 2nd quarter worth $33,000. Finally, Sound Income Strategies LLC increased its holdings in NVIDIA by 96.2% in the 2nd quarter. Sound Income Strategies LLC now owns 204 shares of the computer hardware maker’s stock worth $34,000 after acquiring an additional 100 shares in the last quarter. 64.38% of the stock is owned by hedge funds and other institutional investors.

NVDA traded up $3.48 on Wednesday, hitting $180.71. 6,958,425 shares of the company’s stock were exchanged, compared to its average volume of 12,365,371. NVIDIA Co. has a fifty-two week low of $124.46 and a fifty-two week high of $268.76. The company has a current ratio of 8.65, a quick ratio of 7.74 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $174.29 and a 200-day moving average price of $167.78. The stock has a market cap of $110.05 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 4.68 and a beta of 2.05.



NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.37. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The company’s revenue was down 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. On average, equities analysts predict that NVIDIA Co. will post 4.07 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, August 29th were given a dividend of $0.16 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.35%. NVIDIA’s payout ratio is 10.54%.

Several equities research analysts recently commented on NVDA shares. Benchmark reissued a “buy” rating and issued a $210.00 price target on shares of NVIDIA in a report on Wednesday, August 21st. Goldman Sachs Group boosted their price target on shares of NVIDIA from $179.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. set a $200.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a report on Friday, August 16th. BidaskClub raised shares of NVIDIA from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, Cascend Securities raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $189.45.

In other news, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the transaction, the director now owns 20,684 shares of the company’s stock, valued at approximately $3,450,091.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael G. Mccaffery sold 2,361 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $166.00, for a total transaction of $391,926.00. Following the transaction, the director now directly owns 16,431 shares in the company, valued at approximately $2,727,546. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,883 shares of company stock worth $12,042,217. Corporate insiders own 4.64% of the company’s stock.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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